What is L3Harris Technologies, Inc.'s earnings per share (EPS)?

L3Harris Technologies, Inc. (LHX) reported diluted earnings per share of $8.53 for fiscal year 2026. This represents a 8.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

L3Harris Technologies, Inc. (LHX) Financials

LHX

FY2026 annual

Net Income $1.6B +6.9% YoY

EPS (Diluted) $8.53 +8.4% YoY

Free Cash Flow $2.7B +24.7% YoY

Operating Cash Flow $3.1B +21.4% YoY

Market Cap $44.1B as of Oct 10, 2026

Price / Sales 1.1x on $39.1B revenue, trailing 12 months to July 3, 2026

Price / Earnings 27.5x on $1.6B net income, FY2026

Price / Book 2.2x on $19.9B equity, Q2 FY2027

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2027, ended Jul 3, 2026 Reported Jul 30, 2026 Currency USD FYE January

Newest figures come from the 10-Q for Q2 FY2027, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the LHX SEC filings page.

This page shows L3Harris Technologies, Inc. (LHX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI LHX FY2026 2026-10-04

The business converts earnings into cash and funds shareholder distributions while carrying substantial acquisition-built assets and debt.

Cash conversion strengthened across the latest two reported years: operating cash flow rose from $2.56B to $3.11B, while free cash flow increased from $2.15B to $2.68B against net income of $1.50B and $1.61B. That recurring gap indicates accounting earnings are supplemented by non-cash charges and working-capital effects, rather than requiring equivalent reinvestment in capital equipment.

Operating efficiency recovered without gross-margin expansion. From FY2022 to FY2025, operating margin improved from 6.6% to 9.0% even as gross margin eased from 28.9% to 25.9%, pointing more toward operating-cost control or fixed-cost absorption than a simple pricing effect.

The balance sheet is acquisition-heavy and moderately leveraged: goodwill was $20.3B against $42.0B of assets in FY2025, while long-term debt was $11.1B. By FY2026, debt-to-equity had declined to 0.5x and the current ratio improved to 1.2x, suggesting reduced balance-sheet pressure even though intangible assets remain a large portion of the asset base.

Financial Health Signals

Financial health score not available

L3Harris Technologies, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

7/7

L3Harris Technologies, Inc. passes 7 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass.

Earnings Quality Cash-Backed

1.93x

For every $1 of reported earnings, L3Harris Technologies, Inc. generates $1.93 in operating cash flow ($3.1B OCF vs $1.6B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

3.53x

L3Harris Technologies, Inc. earns $3.53 in operating income for every $1 of interest expense ($2.1B vs $597.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$5.9B

YoY+8.4%

QoQ+2.4%

5Y CAGR+4.7%

L3Harris Technologies, Inc. generated $5.9B in revenue in Q2 2027. This represents an increase of 8.4% from the same quarter a year earlier. Against the prior quarter it is up 2.4%.

EBITDA

$942.0M

YoY+7.8%

QoQ+0.9%

L3Harris Technologies, Inc.'s EBITDA was $942.0M in Q2 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 7.8% from the same quarter a year earlier. Against the prior quarter it is up 0.9%.

Net Income

$600.0M

YoY+31.0%

QoQ+17.2%

L3Harris Technologies, Inc. reported $600.0M in net income in Q2 2027. This represents an increase of 31.0% from the same quarter a year earlier. Against the prior quarter it is up 17.2%.

EPS (Diluted)

$3.13

YoY+28.3%

QoQ+15.1%

5Y CAGR+9.3%

10Y CAGR+9.4%

L3Harris Technologies, Inc. earned $3.13 per diluted share (EPS) in Q2 2027. This represents an increase of 28.3% from the same quarter a year earlier. Against the prior quarter it is up 15.1%.

Cash & Balance Sheet

Free Cash Flow

$771.0M

YoY+39.7%

QoQ+497.4%

5Y CAGR+3.2%

L3Harris Technologies, Inc. generated $771.0M in free cash flow in Q2 2027, representing cash available after capex. This represents an increase of 39.7% from the same quarter a year earlier. Against the prior quarter it is up 497.4%.

Cash & Debt

$1.5B

YoY+215.6%

QoQ+157.8%

5Y CAGR-5.6%

10Y CAGR+12.1%

L3Harris Technologies, Inc. held $1.5B in cash against $9.2B in long-term debt as of Q2 2027.

Dividends Per Share

$1.25

YoY+4.2%

QoQ0.0%

L3Harris Technologies, Inc. paid $1.25 per share in dividends in Q2 2027. This represents an increase of 4.2% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

186M

YoY-0.5%

QoQ0.0%

5Y CAGR-1.5%

10Y CAGR+4.1%

L3Harris Technologies, Inc. had 186M shares outstanding in Q2 2027. This represents a decrease of 0.5% from the same quarter a year earlier. It is unchanged from the prior quarter.

Margins & Returns

Gross Margin

25.5%

YoY+0.9pp

QoQ+1.1pp

5Y change-4.8pp

L3Harris Technologies, Inc.'s gross margin was 25.5% in Q2 2027, indicating the percentage of revenue retained after direct costs. This is up 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.

Operating Margin

11.1%

YoY+0.6pp

QoQ-0.2pp

L3Harris Technologies, Inc.'s operating margin was 11.1% in Q2 2027, reflecting core business profitability. This is up 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.2 percentage points.

Net Margin

10.2%

YoY+1.8pp

QoQ+1.3pp

L3Harris Technologies, Inc.'s net profit margin was 10.2% in Q2 2027, showing the share of revenue converted to profit. This is up 1.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.

Return on Equity

3.0%

YoY+0.6pp

QoQ+0.4pp

L3Harris Technologies, Inc.'s ROE was 3.0% in Q2 2027, measuring profit generated per dollar of shareholder equity. This is up 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.

Capital Allocation

Share Buybacks

$229.0M

YoY-9.5%

QoQ-22.6%

5Y CAGR-23.1%

L3Harris Technologies, Inc. spent $229.0M on share buybacks in Q2 2027, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 9.5% from the same quarter a year earlier. Against the prior quarter it is down 22.6%.

Capital Expenditures

$108.0M

YoY+22.7%

QoQ+9.1%

5Y CAGR+12.1%

L3Harris Technologies, Inc. invested $108.0M in capex in Q2 2027, funding long-term assets and infrastructure. This represents an increase of 22.7% from the same quarter a year earlier. Against the prior quarter it is up 9.1%.

R&D Spending

Not reported for Q2 2027.

LHX Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

LHX quarterly income statement

Metric	TTM	FY2610-K	FY2510-K	FY2310-K	FY2210-K	FY2110-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1110-K	FY1010-K
Revenue	$39.1B	N/A	$21.3B	$19.4B+13.8%	$17.1B-4.2%	$17.8B	$18.2B+41.5%	$12.9B+89.0%	$6.8B+10.0%	$6.2B	$6.0B+54.2%	$3.9B-22.5%	$5.0B+1092.5%	$420.3M	$189.2M-96.0%	$4.7B
Cost of Revenue	$29.1B	N/A	$15.8B	$14.3B+17.9%	$12.1B-2.4%	$12.4B	$14.3B+57.4%	$9.1B+103.4%	$4.5B+9.9%	$4.1B	$3.8B+61.7%	$2.4B-28.4%	$3.3B-2.2%	$3.4B	$3.5B+15.7%	$3.1B
Gross Profit	$10.0B	N/A	$5.5B	$5.1B+3.8%	$4.9B-8.4%	$5.4B	$3.9B+3.2%	$3.8B+61.4%	$2.3B+10.3%	$2.1B	$2.2B+42.6%	$1.5B-11.0%	$1.7B+157.4%	-$3.0B	-$3.3B-278.6%	$1.9B
SG&A Expenses	N/A	$3.4B-3.9%	$3.6B	$3.3B+10.5%	$3.0B-8.6%	$3.3B	$3.3B+30.5%	$2.5B+104.5%	$1.2B+5.1%	$1.2B	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$4.0B	$2.1B+10.0%	$1.9B	$1.4B+26.5%	$1.1B-46.6%	$2.1B	$2.2B	N/A	$1.4B+28.9%	$1.1B	$1.1B	N/A	N/A	N/A	N/A	N/A
EBITDA	N/A	$3.3B+4.0%	$3.2B	$2.6B+25.5%	$2.1B-32.9%	$3.1B	$3.2B	N/A	$1.7B+23.4%	$1.4B	$1.4B	N/A	N/A	N/A	N/A	N/A
Interest Expense	$1.0B	$597.0M-11.6%	$675.0M	$543.0M+94.6%	$279.0M+205.3%	-$265.0M	$270.0M+24.4%	$217.0M+28.4%	$169.0M-0.6%	$170.0M	$183.0M+40.8%	$130.0M+38.3%	$94.0M-13.8%	$109.0M	$90.4M+25.4%	$72.1M
Income Tax	N/A	$326.0M+283.5%	$85.0M	$23.0M-89.2%	$212.0M-51.8%	$440.0M	$234.0M+60.3%	$146.0M-8.8%	$160.0M-22.3%	$206.0M	$273.0M+150.5%	$109.0M-57.4%	$256.0M+26.1%	$203.0M	$306.8M+3.9%	$295.4M
Net Income	N/A	$1.6B+6.9%	$1.5B	$1.2B+15.5%	$1.1B-42.5%	$1.8B	$1.1B-16.1%	$1.3B+40.5%	$949.0M+35.8%	$699.0M	$324.0M-3.0%	$334.0M-37.6%	$535.0M+373.5%	$113.0M	$588.0M+4.7%	$561.6M
EPS (Basic)	N/A	$8.57+8.3%	$7.91	$6.47+16.8%	$5.54-39.6%	$9.17	$5.23-35.0%	$8.04+0.1%	$8.03+36.6%	$5.88	$2.61-17.1%	$3.15-37.0%	$5.00+395.0%	$1.01	$4.63+7.4%	$4.31
EPS (Diluted)	$9.92	$8.53+8.4%	$7.87	$6.44+17.3%	$5.49-39.6%	$9.09	$5.19-34.2%	$7.89+0.4%	$7.86	$5.76	$2.59-16.7%	$3.11-37.2%	$4.95+390.1%	$1.01	$4.60+7.5%	$4.28
Diluted Shares (Avg)	N/A	188M-1.2%	191M	191M-1.5%	194M-4.8%	203M	216M+27.8%	169M+40.2%	121M	121M	125M+17.0%	107M-0.5%	107M-3.5%	111M	126M-2.8%	130M

Metric	Q2'2710-Q	Q1'2710-Q	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q
Revenue	$5.9B+8.4%	$5.7B+11.9%	$21.9B+2.5%	$5.7B+6.9%	$5.4B+2.4%	$5.1B-1.5%	$21.3B+299.3%	$5.3B+7.7%
Cost of Revenue	$4.4B+7.0%	$4.3B+14.8%	$16.2B+2.8%	$4.2B+7.5%	$4.1B+3.9%	$3.8B-2.1%	$15.8B+306.5%	$3.9B+7.3%
Gross Profit	$1.5B+12.5%	$1.4B+3.9%	$5.6B+1.8%	$1.5B+5.3%	$1.3B-1.8%	$1.4B+0.1%	$5.5B+280.2%	$1.4B+8.6%
SG&A Expenses	$848.0M+11.0%	$750.0M-9.1%	N/A	$873.0M-5.5%	$764.0M-13.6%	$825.0M-14.9%	N/A	$924.0M+11.6%
Operating Income	$654.0M+14.5%	$652.0M+24.2%	$2.1B+10.0%	$621.0M+25.5%	$571.0M+20.0%	$525.0M+38.9%	$1.9B+1145.5%	$495.0M+3.3%
EBITDA	$942.0M+7.8%	$934.0M+13.1%	$2.4B+7.9%	$930.0M+13.6%	$874.0M+9.9%	$826.0M+18.3%	$2.2B+345.2%	$819.0M+3.8%
Interest Expense	$129.0M-15.1%	$136.0M-9.3%	$597.0M-11.6%	$152.0M-8.4%	$152.0M-11.6%	$150.0M-14.8%	$675.0M+238.0%	$166.0M+4.4%
Income Tax	$110.0M+66.7%	$77.0M+5.5%	N/A	$105.0M+303.8%	$66.0M+187.0%	$73.0M+1360.0%	N/A	$26.0M+44.4%
Net Income	$600.0M+31.0%	$512.0M+32.6%	N/A	$462.0M+15.5%	$458.0M+25.1%	$386.0M+36.4%	N/A	$400.0M+4.4%
EPS (Basic)	$3.15+28.6%	$2.74+33.7%	$1.61-32.4%	$2.47+17.1%	$2.45+26.9%	$2.05+37.6%	$2.38+186.7%	$2.11+4.5%
EPS (Diluted)	$3.13+28.3%	$2.72+33.3%	$1.61-32.1%	$2.46+17.1%	$2.44+27.1%	$2.04+37.8%	$2.37+185.5%	$2.10+4.0%
Diluted Shares (Avg)	187M-0.3%	188M-0.5%	N/A	188M-1.3%	188M-1.5%	189M-0.9%	N/A	191M+0.2%

Not reported in any period shown, so not listed: R&D Expenses.

LHX Balance Sheet

LHX quarterly balance sheet

Metric	FY2610-K	FY2510-K	FY2310-K	FY2210-K	FY2110-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1110-K	FY1010-K
Total Assets	$41.2B-1.9%	$42.0B	$41.7B+24.3%	$33.5B-3.4%	$34.7B	$37.0B-3.6%	$38.3B+278.9%	$10.1B+2.7%	$9.9B	$12.0B-8.5%	$13.1B+166.9%	$4.9B+1.5%	$4.8B	$6.2B+30.1%	$4.7B
Current Assets	$8.6B+4.6%	$8.2B	$8.1B+19.3%	$6.8B+6.2%	$6.4B	$6.7B+5.6%	$6.3B+144.8%	$2.6B+15.9%	$2.2B	$2.6B-17.6%	$3.2B+59.9%	$2.0B+2.2%	$1.9B	$2.2B+10.6%	$2.0B
Cash & Equivalents	$1.1B+73.8%	$615.0M	$560.0M-36.4%	$880.0M-6.5%	$941.0M	$1.3B+54.9%	$824.0M+55.5%	$530.0M+84.0%	$288.0M	$487.0M+1.2%	$481.0M-14.3%	$561.0M+74.8%	$321.0M	$366.9M-19.4%	$455.2M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$1.2B-8.3%	$1.3B	$1.5B+14.0%	$1.3B+31.5%	$982.0M	$973.0M-20.2%	$1.2B+238.6%	$360.0M-12.4%	$411.0M	$867.0M-14.6%	$1.0B+64.0%	$619.0M-7.4%	$668.7M	$720.8M+17.1%	$615.3M
Accounts Receivable	$1.4B+27.9%	$1.1B	$1.2B-1.7%	$1.3B+19.7%	$1.0B	$1.3B+10.5%	$1.2B+166.1%	$457.0M-1.9%	$466.0M	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$20.0B-1.5%	$20.3B	$20.0B+15.6%	$17.3B-5.0%	$18.2B	$18.9B-5.6%	$20.0B+274.6%	$5.3B-0.6%	$5.4B	$5.4B-1.0%	$5.4B+215.9%	$1.7B+1.1%	$1.7B	$2.4B+51.1%	$1.6B
Total Liabilities	$21.6B-3.8%	$22.4B	$22.9B+53.4%	$14.9B-3.8%	$15.5B	$16.2B+3.1%	$15.7B+133.2%	$6.8B+2.8%	$6.6B	$9.0B-8.0%	$9.7B+214.6%	$3.1B-5.8%	$3.3B	$3.7B+43.7%	$2.6B
Current Liabilities	$7.2B-5.3%	$7.6B	$8.0B+38.6%	$5.8B+26.9%	$4.6B	$4.2B+5.8%	$4.0B+76.8%	$2.3B+22.6%	$1.9B	$2.0B-12.9%	$2.3B+103.9%	$1.1B-14.1%	$1.3B	$1.4B+36.0%	$1.1B
Non-Current Liabilities	$14.3B-3.1%	$14.8B	$14.9B+62.8%	$9.1B-15.8%	$10.8B	$11.9B+2.6%	$11.6B+158.2%	$4.5B-5.0%	$4.7B	$7.0B-6.4%	$7.5B+276.5%	$2.0B-1.0%	$2.0B	$2.2B+48.5%	$1.5B
Long-Term Debt	$10.4B-5.8%	$11.1B	$11.2B+79.3%	$6.2B-11.7%	$7.0B	$6.9B+3.7%	$6.7B+142.3%	$2.8B-18.9%	$3.4B	$4.1B-18.5%	$5.1B+223.1%	$1.6B-0.8%	$1.6B	$1.9B+60.4%	$1.2B
Total Equity	$19.6B+0.6%	$19.5B	$18.8B+1.3%	$18.5B-3.6%	$19.2B	$20.7B-8.2%	$22.6B+571.6%	$3.4B+2.6%	$3.3B	$3.1B-10.0%	$3.4B+86.0%	$1.8B+17.0%	$1.6B	$2.5B+14.3%	$2.2B
Retained Earnings	$4.2B+12.7%	$3.7B	$3.2B+9.4%	$2.9B+0.9%	$2.9B	$2.3B+7.5%	$2.2B+0.5%	$2.2B+31.9%	$1.6B	$1.3B+5.7%	$1.3B+2.6%	$1.2B+13.5%	$1.1B	$1.9B+16.5%	$1.6B

Metric	Q2'2710-Q	Q1'2710-Q	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q
Total Assets	$42.9B+4.1%	$41.4B+0.3%	$41.2B-1.9%	$41.0B-2.1%	$41.2B-1.0%	$41.2B-1.4%	$42.0B+0.8%	$41.9B-1.0%
Current Assets	$10.1B+32.5%	$8.9B+17.1%	$8.6B+4.6%	$7.6B-8.5%	$7.6B-5.5%	$7.6B-8.1%	$8.2B+2.0%	$8.3B+10.7%
Cash & Equivalents	$1.5B+215.6%	$590.0M+14.1%	$1.1B+73.8%	$339.0M-37.1%	$482.0M-11.9%	$517.0M+8.4%	$615.0M+9.8%	$539.0M+8.0%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$1.3B+1.1%	$1.2B-1.4%	$1.2B-8.3%	$1.3B-7.7%	$1.3B-12.2%	$1.3B-15.2%	$1.3B-9.6%	$1.4B-14.6%
Accounts Receivable	$1.9B+35.7%	$1.9B+27.4%	$1.4B+27.9%	$1.5B+46.6%	$1.4B+16.8%	$1.5B+24.2%	$1.1B-12.8%	$1.0B-24.5%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$20.0B-1.8%	$20.0B-1.7%	$20.0B-1.5%	$20.4B-0.3%	$20.4B0.0%	$20.3B+1.3%	$20.3B+1.7%	$20.4B-1.5%
Total Liabilities	$22.1B+0.6%	$21.7B-1.9%	$21.6B-3.8%	$21.5B-5.9%	$22.0B-3.5%	$22.1B-4.2%	$22.4B-1.9%	$22.8B-3.2%
Current Liabilities	$8.5B+16.3%	$8.6B+15.5%	$7.2B-5.3%	$6.6B-16.7%	$7.3B-18.5%	$7.4B-11.7%	$7.6B-4.6%	$8.0B-6.0%
Non-Current Liabilities	$13.6B-7.3%	$13.1B-10.7%	$14.3B-3.1%	$14.8B-0.1%	$14.6B+6.3%	$14.7B+0.1%	$14.8B-0.4%	$14.9B-1.6%
Long-Term Debt	$9.2B-16.3%	$9.2B-16.3%	$10.4B-5.8%	$11.0B-0.9%	$11.0B+4.2%	$11.0B-1.5%	$11.1B-0.7%	$11.1B-0.4%
Total Equity	$19.9B+3.1%	$19.7B+2.9%	$19.6B+0.6%	$19.5B+2.8%	$19.3B+2.3%	$19.1B+2.5%	$19.5B+4.0%	$19.0B+2.1%
Retained Earnings	$4.7B+19.0%	$4.4B+16.7%	$4.2B+12.7%	$4.2B+18.7%	$4.0B+17.9%	$3.8B+16.9%	$3.7B+16.1%	$3.5B+7.2%

LHX Cash Flow Statement

LHX quarterly cash flow statement

Metric	TTM	FY2610-K	FY2510-K	FY2310-K	FY2210-K	FY2110-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1110-K	FY1010-K
Operating Cash Flow	$3.3B	$3.1B+21.4%	$2.6B	$2.1B-2.9%	$2.2B-19.7%	$2.7B	$2.8B	N/A	$1.2B+57.8%	$751.0M	$924.0M+8.2%	$854.0M+0.6%	$849.0M+1.9%	$833.0M	$833.1M+3.8%	$802.7M
Depreciation & Amortization	N/A	$1.2B-5.0%	$1.3B	$1.2B+24.3%	$938.0M-3.0%	$967.0M	$1.0B	N/A	$258.0M-0.4%	$259.0M	$361.0M+48.0%	$244.0M+19.6%	$204.0M-7.7%	$221.0M	$212.0M+27.9%	$165.7M
Stock-Based Compensation	N/A	$113.0M+16.5%	$97.0M	$89.0M-18.3%	$109.0M-15.5%	$129.0M	$94.0M	N/A	$58.0M+13.7%	$51.0M	$39.0M+5.4%	$37.0M+5.7%	$35.0M+6.1%	$33.0M	$46.1M+30.6%	$35.3M
Capital Expenditures	$484.0M	$424.0M+3.9%	$408.0M	$449.0M+78.2%	$252.0M-26.3%	$342.0M	$368.0M	N/A	$161.0M+18.4%	$136.0M	$152.0M+2.7%	$148.0M-26.4%	$201.0M+21.8%	$165.0M	$311.3M+63.9%	$189.9M
Free Cash Flow	$2.8B	$2.7B+24.7%	$2.2B	$1.6B-13.6%	$1.9B-18.7%	$2.3B	$2.4B	N/A	$1.0B+66.5%	$615.0M	$772.0M+9.3%	$706.0M+9.0%	$648.0M-3.0%	$668.0M	$521.8M-14.8%	$612.8M
Investing Cash Flow	-$470.0M	$407.0M+254.8%	-$263.0M	-$7.0B-2708.4%	-$250.0M-117.9%	$1.4B	$751.0M	N/A	-$159.0M-12.8%	-$141.0M	-$1.0M+100.0%	-$3.3B-1927.2%	-$162.0M-710.0%	-$20.0M	-$1.4B-466.8%	-$250.1M
Financing Cash Flow	-$1.8B	-$3.1B-38.6%	-$2.2B	$4.6B+335.5%	-$2.0B+55.8%	-$4.4B	-$3.1B	N/A	-$781.0M+3.0%	-$805.0M	-$893.0M-137.6%	$2.4B+629.7%	-$448.0M+46.7%	-$840.0M	$492.8M+229.4%	-$380.9M
Dividends Paid	$920.0M	$903.0M+1.9%	$886.0M	$868.0M+0.5%	$864.0M+5.8%	$817.0M	$725.0M	N/A	$325.0M+19.5%	$272.0M	$252.0M+27.3%	$198.0M+10.0%	$180.0M+9.1%	$165.0M	$127.0M+10.4%	$115.0M
Share Buybacks	$857.0M	$1.2B+108.3%	$554.0M	$518.0M-52.2%	$1.1B-70.5%	$3.7B	$2.3B	N/A	$200.0M-26.5%	$272.0M	$0-100.0%	$150.0M-50.0%	$300.0M-27.7%	$415.0M	$256.1M+23.1%	$208.0M

Metric	Q2'2710-Q	Q1'2710-Q	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q
Operating Cash Flow	$879.0M+37.3%	-$95.0M-126.2%	$2.0B+73.8%	$546.0M-30.0%	$640.0M-15.1%	-$42.0M+59.6%	$1.1B+43.1%	$780.0M+43.6%
Depreciation & Amortization	$288.0M-5.0%	$282.0M-6.3%	$311.0M-4.6%	$309.0M-4.6%	$303.0M-5.0%	$301.0M-5.9%	$326.0M-6.9%	$324.0M+4.5%
Stock-Based Compensation	$28.0M-3.4%	$21.0M+10.5%	N/A	$35.0M+52.2%	$29.0M+7.4%	$19.0M-26.9%	N/A	$23.0M
Capital Expenditures	$108.0M+22.7%	$99.0M+67.8%	$158.0M+33.9%	$119.0M+52.6%	$88.0M-9.3%	$59.0M-48.7%	$118.0M-13.9%	$78.0M-47.3%
Free Cash Flow	$771.0M+39.7%	-$194.0M-92.1%	$1.8B+78.4%	$427.0M-39.2%	$552.0M-16.0%	-$101.0M+53.9%	$1.0B+55.1%	$702.0M+77.7%
Investing Cash Flow	-$114.0M-46.2%	-$97.0M-113.0%	-$130.0M-16.1%	-$129.0M-38.7%	-$78.0M-234.5%	$744.0M+741.4%	-$112.0M-34.9%	-$93.0M+98.1%
Financing Cash Flow	$167.0M+127.4%	-$284.0M+64.7%	-$1.1B-21.0%	-$560.0M+21.0%	-$610.0M+18.0%	-$805.0M-659.0%	-$915.0M-38.6%	-$709.0M-115.9%
Dividends Paid	$232.0M+3.1%	$238.0M+4.4%	$225.0M+1.8%	$225.0M+2.3%	$225.0M+1.8%	$228.0M+1.8%	$221.0M+2.3%	$220.0M+1.9%
Share Buybacks	$229.0M-9.5%	$296.0M-48.0%	$156.0M+271.4%	$176.0M-7.4%	$253.0M+184.3%	$569.0M+144.2%	$42.0M	$190.0M

LHX Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

LHX quarterly financial ratios

Metric	FY2610-K	FY2510-K	FY2310-K	FY2210-K	FY2110-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1110-K	FY1010-K
Gross Margin	N/A	25.9%	26.3%-2.6pp	28.9%-1.3pp	30.2%	21.4%-7.9pp	29.3%-5.0pp	34.3%+0.1pp	34.2%	36.0%-3.0pp	39.0%+5.0pp	34.0%	-705.4%	-1767.1%	39.6%
Operating Margin	N/A	9.0%	7.3%+0.7pp	6.6%-5.2pp	11.8%	11.9%	N/A	21.3%+3.1pp	18.1%	17.6%	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	7.0%	6.3%+0.1pp	6.2%-4.1pp	10.4%	6.2%-4.2pp	10.4%-3.6pp	14.0%+2.6pp	11.3%	5.4%-3.2pp	8.6%-2.1pp	10.7%-16.2pp	26.9%	310.8%	11.9%
Return on Equity	8.2%+0.5pp	7.7%	6.5%+0.8pp	5.7%-3.9pp	9.6%	5.4%-0.5pp	5.9%-22.3pp	28.2%+6.9pp	21.3%	10.6%+0.8pp	9.8%-19.5pp	29.3%+22.1pp	7.2%	23.5%-2.2pp	25.7%
Return on Assets	3.9%+0.3pp	3.6%	2.9%-0.2pp	3.2%-2.1pp	5.3%	3.0%-0.4pp	3.5%-5.9pp	9.4%+2.3pp	7.1%	2.7%+0.2pp	2.5%-8.3pp	10.9%+8.5pp	2.3%	9.5%-2.3pp	11.8%
Current Ratio	1.19+0.1x	1.08	1.01-0.2x	1.17-0.2x	1.40	1.570.0x	1.57+0.4x	1.14-0.1x	1.20	1.32-0.1x	1.40-0.4x	1.79+0.3x	1.50	1.55-0.4x	1.91
Debt-to-Equity	0.530.0x	0.57	0.59+0.3x	0.340.0x	0.37	0.340.0x	0.30-0.5x	0.82-0.2x	1.04	1.35-0.1x	1.49+0.6x	0.86-0.2x	1.01	0.75+0.2x	0.54
Asset Turnover	N/A	0.51	0.470.0x	0.510.0x	0.51	0.49+0.2x	0.34-0.3x	0.670.0x	0.63	0.50+0.2x	0.30-0.7x	1.02+0.9x	0.09	0.03-1.0x	1.00
FCF Margin	N/A	10.1%	8.5%-2.7pp	11.2%-2.0pp	13.2%	13.3%	N/A	15.1%+5.1pp	10.0%	12.9%-5.3pp	18.2%+5.2pp	12.9%	158.9%	275.8%	13.0%

Metric	Q2'2710-Q	Q1'2710-Q	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q
Gross Margin	25.5%+0.9pp	24.4%-1.9pp	25.7%-0.2pp	26.4%-0.4pp	24.6%-1.1pp	26.3%+0.4pp	25.9%-1.3pp	26.8%+0.2pp
Operating Margin	11.1%+0.6pp	11.3%+1.1pp	9.7%+0.7pp	11.0%+1.6pp	10.5%+1.5pp	10.2%+3.0pp	9.0%+6.1pp	9.3%-0.4pp
Net Margin	10.2%+1.8pp	8.9%+1.4pp	N/A	8.2%+0.6pp	8.4%+1.5pp	7.5%+2.1pp	N/A	7.6%-0.2pp
Return on Equity	3.0%+0.6pp	2.6%+0.6pp	N/A	2.4%+0.3pp	2.4%+0.4pp	2.0%+0.5pp	N/A	2.1%+0.1pp
Return on Assets	1.4%+0.3pp	1.2%+0.3pp	N/A	1.1%+0.2pp	1.1%+0.2pp	0.9%+0.3pp	N/A	0.9%0.0pp
Current Ratio	1.18+0.1x	1.030.0x	1.19+0.1x	1.14+0.1x	1.04+0.1x	1.020.0x	1.08+0.1x	1.04+0.2x
Debt-to-Equity	0.46-0.1x	0.47-0.1x	0.530.0x	0.560.0x	0.570.0x	0.570.0x	0.570.0x	0.580.0x
Asset Turnover	0.140.0x	0.140.0x	0.530.0x	0.140.0x	0.130.0x	0.120.0x	0.51+0.4x	0.130.0x
FCF Margin	13.1%+2.9pp	-3.4%-1.4pp	8.3%+3.5pp	7.5%-5.7pp	10.2%-2.2pp	-2.0%+2.2pp	4.7%-7.5pp	13.3%+5.2pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
L3Harris Technologies, Inc. LHX	FY2026	N/A	$1.6B	N/A	$44.1B	—
Axon Enterprise, Inc. AXON	FY2025	$2.8B	$124.7M	4.5%	$33.9B	46/100
Howmet Aerospace Inc. HWM	FY2025	$8.3B	$1.5B	18.3%	$88.8B	71/100
TransDigm Group Incorporated TDG	FY2025	$8.8B	$2.1B	23.5%	$60.2B	73/100
HEICO Corporation HEI	FY2025	$4.5B	$690.4M	15.4%	$41.4B	75/100
General Dynamics Corporation GD	FY2025	$52.5B	$4.2B	8.0%	$89.3B	63/100

Where L3Harris Technologies, Inc. Ranks

Frequently Asked Questions

Is L3Harris Technologies, Inc. profitable?

Yes, L3Harris Technologies, Inc. (LHX) reported a net income of $1.6B in fiscal year 2026.

What is L3Harris Technologies, Inc.'s EBITDA?

L3Harris Technologies, Inc. (LHX) had EBITDA of $3.3B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does L3Harris Technologies, Inc. have?

As of fiscal year 2026, L3Harris Technologies, Inc. (LHX) had $1.1B in cash and equivalents against $10.4B in long-term debt.

Does L3Harris Technologies, Inc. pay dividends?

Yes, L3Harris Technologies, Inc. (LHX) paid $4.80 per share in dividends during fiscal year 2026.

What is L3Harris Technologies, Inc.'s return on equity (ROE)?

L3Harris Technologies, Inc. (LHX) has a return on equity of 8.2% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is L3Harris Technologies, Inc.'s free cash flow?

L3Harris Technologies, Inc. (LHX) generated $2.7B in free cash flow during fiscal year 2026. This represents a 24.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is L3Harris Technologies, Inc.'s operating cash flow?

L3Harris Technologies, Inc. (LHX) generated $3.1B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are L3Harris Technologies, Inc.'s total assets?

L3Harris Technologies, Inc. (LHX) had $41.2B in total assets as of fiscal year 2026, including both current and long-term assets.

What are L3Harris Technologies, Inc.'s capital expenditures?

L3Harris Technologies, Inc. (LHX) invested $424.0M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Does L3Harris Technologies, Inc. buy back shares?

Yes, L3Harris Technologies, Inc. (LHX) spent $1.2B on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

How many shares does L3Harris Technologies, Inc. have outstanding?

L3Harris Technologies, Inc. (LHX) had 187M shares outstanding as of fiscal year 2026.

What is L3Harris Technologies, Inc.'s current ratio?

L3Harris Technologies, Inc. (LHX) had a current ratio of 1.19 as of fiscal year 2026, which is considered adequate.

What is L3Harris Technologies, Inc.'s debt-to-equity ratio?

L3Harris Technologies, Inc. (LHX) had a debt-to-equity ratio of 0.53 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is L3Harris Technologies, Inc.'s return on assets (ROA)?

L3Harris Technologies, Inc. (LHX) had a return on assets of 3.9% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is L3Harris Technologies, Inc.'s P/E ratio?

L3Harris Technologies, Inc. (LHX) trades at 27.5x earnings, its market capitalization divided by net income of $1.6B net income, FY2026. The market capitalization is $44.1B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is L3Harris Technologies, Inc.'s price-to-sales ratio?

L3Harris Technologies, Inc. (LHX) trades at 1.1x sales, its market capitalization divided by revenue of $39.1B revenue, trailing 12 months to July 3, 2026. The market capitalization is $44.1B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is L3Harris Technologies, Inc.'s Piotroski F-Score?

L3Harris Technologies, Inc. (LHX) has a Piotroski F-Score of 7 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are L3Harris Technologies, Inc.'s earnings high quality?

L3Harris Technologies, Inc. (LHX) has an earnings quality ratio of 1.93x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can L3Harris Technologies, Inc. cover its interest payments?

L3Harris Technologies, Inc. (LHX) has an interest coverage ratio of 3.53x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.